Yun Sheng

What Are Captives? A captive insurance company is a wholly owned subsidiary insurer that provides risk mitigation services for its parent company or related entities. In its simplest form, the ‘captive’, wholly owned subsidiary is incorporated to insure against one or more risks to which its parent company…

The Cayman Islands (Cayman) continues to be the leading offshore jurisdiction for the establishment of hedge funds, private equity funds, and investment funds focused on other asset classes. A large number of Cayman funds (typically private equity, venture capital or real estate focused funds) are structured as exempted…

The Cayman Islands is a leading offshore jurisdiction for investment funds known for its investor friendly regulations, tax neutrality, robust legal framework, regulatory environment, professional services infrastructure and global reach. It offers significant benefits, including no corporate income tax, capital gains tax or inheritance tax, making it attractive…

Exempted limited partnerships (“ELPs”) are a form of Cayman Islands partnership which are commonly used in investment fund structures, particularly closed-ended private investment funds. This can be contrasted with open-ended mutual funds which are typically structured using a Cayman Islands exempted company.

This article will provide a general overview of the steps involved in the formation and running of a closed-ended investment fund in the Cayman Islands pursuant to the Private Funds Act (As Revised) (the “Act”). Whilst there are no statutory requirements as to the type of legal entity…